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EyePoint shares plunge after failed Phase 3 trials for wet AMD treatment, prompting investor lawsuit.

Market News
04 Nov 2026, 00:46 WIB
GlobeNewsWire
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Bearish
EyePoint shares plunge after failed Phase 3 trials for wet AMD treatment, prompting investor lawsuit.

EyePoint, Inc. faced a sharp stock price drop after two Phase 3 clinical trials for its wet age-related macular degeneration (wet AMD) treatment, Duravyu, failed to meet primary efficacy endpoints. The first trial's results were announced in August 2026, causing a 67% stock fall, and the second trial's failure in October led to an 85% drop. Following these setbacks, EyePoint cut costs significantly, including terminating its wet AMD program and reducing its workforce by 53%. Pomerantz LLP is investigating claims of securities fraud against EyePoint and its executives on behalf of investors affected by these developments.

EyePoint, Inc. is the subject of an investor alert as of Nov 04, 2026 05:12 WIB. For readers following the health sector, here is Pluang's market snapshot: of 150 priced health-sector US stocks tradable on Pluang, 89 rose and 58 fell today. Notable movers include DNA (Ginkgo Bioworks Holdings Inc) at USD 10.74 with a 9.04% increase, TWST (Twist Bioscience Corp) at USD 140.31 with an 8.73% increase, and ABCL (AbCellera Biologics Inc) at USD 12.08 with an 8.63% increase, with ABCL showing a full 100% buy order activity on Pluang.

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